Starbucks is run out of Seattle, which just passed an absurd minimum wage law.
Labor costs have to be passed along to consumers, so that is part of
the price hike.
Pitiful wage increase in one state is a pitiful excuse to raise prices world
wide. Wages are an overhead company's must plan for and provide for its
workers as earned rights of its workers. Wages must follow inflation and
personal needs and any honorable company that cares for its employees does have
an employee plan in place. If any thing they should take money from the
CEO's and investors first. Front line employees deserve benefits from the
profits more than the CEO's who do nothing and an rubatos dragging down a
business.Its true of every business, employees have a right to the
profit margins and right to negotiate their value and skills and loyalty that
makes a company owner become rich and famous. Its the ones who don't treat
employees fairly that die out.I am amazed that the public has
allowed itself to be scammed by Starbucks coffee, my fist and last one last
month was a waste of money and not fit to drink. It was so bitter it made
vinegar taste sweet. I'm not a fan of waste and fraud.
There are over 16,000 Starbucks stores world wide. The minimum wage in one city
has nothing to do with global sales pricing. The real driver is cost of coffee.
DN Subscriber -- You really think people working in the corporate headquarters
of Starbucks in Seattle are making minimum wage? I don't see how raising
the minimum wage in one city where corporate headquarters is located would
affect coffee prices worldwide.